Transparency Market Research

Camera Module Market to Reach US $43.06 Bn by 2019

Albany, NY -- (SBWIRE) -- 09/18/2017 -- The camera module industry is gaining traction as tablet and smartphone manufacturers are persistently developing advanced camera module technologies, thus capitalizing on the sector's fast growth. With smartphones and tablets becoming equipped with advanced image capturing capabilities and continued thrust on enhancing the resolution of camera units on smartphones, the functionality and reliability of camera modules will be more critical in the years to come.

The report segments the global camera module market on the basis of sensor type, application, and geography. Each of the segments is further divided and market analytics presented in the report.

The report discusses macro-economic factors that will be favorable to the market as well as the ones that will challenge the growth of the market. Current and projected trends that will have a bearing on the camera module market in the 2013-2019 period are also analyzed in the study.

Further, Porter's five forces analysis included in the report provides insights on market dynamics and competitiveness throughout the value chain. Additionally, market attractiveness analysis throws light on the growth and profitability of various investment areas in the industry. Thus, manufacturers, suppliers, and other entities in the value chain can understand present and future market trends and leverage opportunities available in the industry.

In matters of the geographical distribution of the global market, the research report includes market size and forecasts until 2019 for the key regional segments, along with detailed analysis of opportunities available in the camera module market in these regions.

Overview of the Global Camera Module Market

Increasing penetration of the markets for smartphones and tablet PCs is the major factor driving the global camera module market. Consumers have adopted mobile imaging through cellular phones, which is apparent from the rapidly expanding markets for Samsung, Apple, and LG devices, recognized for the superiority of their camera modules over other smartphone companies.

Growing use of social networking mobile apps is also aiding the growth of this market, since image sharing is an integral part of many social networks, including some dedicated almost entirely to image sharing, such as Instagram, Tumblr, Pinterest, and Snapchat.

Due to the favorable impact of such factors, the global camera module market is expected to be valued at US$43.06 billion by 2019, increasing from US$12.00 billion in 2012. This growth amounts to an impressive CAGR of 19.7% from 2013 to 2019.

Based on sensor type, complementary metal oxide semiconductor (CMOS) camera modules exhibited a clear dominance in 2012, holding more than half the market. Being extensively used in smartphones and tablets, CMOS camera modules also find applications in other consumer electronics, automobiles, defense and space, industrial, and security applications.

Application-wise, smartphones held more than 80% of the total demand for camera modules in 2012. Furthermore, this application segment is expected to exhibit growth at a CAGR of 21.9% from 2013 to 2019. Increasing consumer preference to acquire devices with advanced features, such as rear and front cameras with a high megapixel count, holds promise for the smartphone application segment of the camera module market.

Many of the major companies in the global camera module market are based in Asia Pacific, which will help the region emerge as an influential market for camera modules. In 2012, Asia Pacific held almost 60% of the total revenue of the global market.